Energy Efficiency Financing Easy, affordable, flexible Financial Services provided by Siemens Customer benefits
Investing in energy efficient equipment makes sound business and environmental sense.
How Energy Efficiency Financing could transform your business Investing in energy efficient equipment from Remeha Commercial makes sound business and environmental sense. Remeha Commercial can now offer the affordable and flexible Energy Efficiency Financing scheme set up by the CarbonTrust and Siemens Financial Services.
The Benefits of Energy Efficiency Financing to your business Energy Efficiency Financing makes good business sense. Here are some of the key benefits: Convenient and fast. You can arrange your Energy Efficiency Financing through Remeha Commercial. We can then liaise with Siemens Financial Services to take care of your application and the paperwork for you. It’s that simple.
The Benefits of Energy Efficiency Financing to your business (continued) Flexible. Energy Efficiency Financing is designed so that payments match or exceed anticipated energy savings. Affordable payments are tailored to suit your circumstances and can be arranged with Siemens Financial Services over terms from 1 to 7 years, or in some cases even longer. Easier budgeting. Energy Efficiency Financing payments are fixed; payments are not subject to fluctuations in interest rates, which means easier budgeting.
Example 1: Finance used to enable implementation of more efficient Condensing Boilers. In this case, an installed boiler with poor seasonal efficiency of 70% is replaced with a condensing boiler of 107kW output (model: Quinta 115 Pro), with a seasonal efficiency of 88%. The new boiler costs £3,650; the finance scheme allows for an additional 30% of the equipment cost to be borrowed to help pay for installation. The total amount loaned is £4,745. Over a 4 year period, finance costs amount to £1,261.
For Example 1: Chart Showing Condensing Boiler Related Finance and Cash Flow Information 50000 Equipment Cost and install costs £4,745 45000 Loan Repayments Total Finance Costs £1,261 40000 Annual Fuel Savings Finance payments Year 1; £1572 Year 2, 3, 4; £1,478 35000 Annual savings £1,878 30000 Annual Surplus Year 1; 306, Year 2,3,4; £400, Year 5 onwards £1,878 25000 20000 Annual Fuel Savings Surplus After any Repayments Capital Cost of Equipment + 30% towards installation Finance Cost (Interest
Example 2: Finance used to smooth cash flow for a Biomass Boiler installation. In this case, the installed 29kW oil boiler is replaced with an 85kW Biomass Boiler that serves the existing building and a new building built adjacent to it. Example 2: Chart Opposite The new installation reduces the total fossil fuel based carbon released into the atmosphere by a total of 9.03 Tonnes per annum, which equates to an 89% reduction. The new biomass boiler costs £22,590.
For Example 2: Chart Showing Biomass Equipment Related Finance and Cash Flow Information Annual Fuel Payments Biomass Boiler Equipment Cost £22,590 25000 Annual Fuel Savings and RHI Income Total Finance Costs £8,613 Surplus: Annual Fuel Savings and RHI Income Less Finance Payments 20000 Finance payments Year 1; £4,539 Years 2 to 7; £4,444 Capital Cost of Equipment 15000 Annual savings and RHI Income £4,837 Finance Cost (Interest and Facility / Annual Fees) 10000 Surplus: fuel savings and RHI les
How it works The scheme is available to all kinds of businesses and organisations. Financing from Siemens Financial Services can be arranged for amounts as little as £1,000 upwards and, assuming your proposed Energy Efficiency Financing project passes the energy saving assessment by Carbon Trust Implementation Services, there are potentially no upper limits*.
Is your Energy Efficiency Financing project eligible? Energy Efficiency Financing is available to a wide range of businesses and organisations, from sole traders, charities and partnerships through to large corporates, local authorities and other public sector organisations.
The Carbon Trust’s mission is to accelerate the move to a low carbon economy, providing specialist support to organisations to help cut carbon emissions, save energy and commercialise low carbon technologies. Carbon Trust Implementation Services Limited is a subsidiary of the Carbon Trust.
